-
Answer:
No country in the world is self-sufficient in all its needs. Goods produced by one country are required by the other and vice versa. Hence differences in resources, needs and development among nations create conditions for international trade between them. It helps in exchange of surplus goods with those of defect countries through foreign trade. Foreign trade has helped India to improve its productivity o manufactured goods International trade contributes to India's economic growth, raising income levels of people. Thus, increasing the foreign exchange reserves. International trade helps India to import advanced technology of other countries to improve its own production. Thus prosperity of a country depends on the advancement of international trade and hence is called "economic barometer" of a nation.
JEE Main, JEE Advanced, CBSE, NEET, IIT, free study packages, test papers, counselling, ask experts - Studyadda.com (2024)
References
- https://wol.iza.org/articles/how-does-international-trade-affect-household-welfare/long
- https://transportgeography.org/contents/chapter7/globalization-international-trade/
- https://www.linkedin.com/pulse/unleashing-business-growth-through-international-trade-misra
- https://www.studyadda.com/question-bank/long-answer-type-lifelines-of-national-economy_q13/4792/373084
- https://www.heritage.org/trade/heritage-explains/the-importance-trade
- https://www.bajajfinserv.in/what-is-trading
Top Articles
REALLY Made in France - Couleur Chanvre
Vegan Butternut Squash Pasta
The Advanced Method Shell Shockers
Geometry Curve Regents
Qr Code Piece Joyeuse
Read The Martial God who Regressed Back to Level 2 - Chapter 454 - NovelBuddy
Www.craigslist.com Waco
Paul Derda Pool Hours - Fill Online, Printable, Fillable, Blank | pdfFiller
HCA Healthcare hiring Surgery Scheduler in Webster, Texas, United States | LinkedIn
Therum: Refinery | Gamer Guides: Your ultimate source for...
Eureka Math Grade 3 Module 5 Lesson 17 Answer Key
Eureka Math Grade 3 Module 3 Lesson 18 Answer Key
Latest Posts
Pasta e Ceci (Pasta with Chickpeas) - The Plant Based School
Quinoa Stuffed Peppers Recipe - Gluten Free & Vegetarian - Wendy Polisi
Article information
Author: Pres. Carey Rath
Last Updated:
Views: 5507
Rating: 4 / 5 (61 voted)
Reviews: 92% of readers found this page helpful
Author information
Name: Pres. Carey Rath
Birthday: 1997-03-06
Address: 14955 Ledner Trail, East Rodrickfort, NE 85127-8369
Phone: +18682428114917
Job: National Technology Representative
Hobby: Sand art, Drama, Web surfing, Cycling, Brazilian jiu-jitsu, Leather crafting, Creative writing
Introduction: My name is Pres. Carey Rath, I am a faithful, funny, vast, joyous, lively, brave, glamorous person who loves writing and wants to share my knowledge and understanding with you.